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Journal entry for cheque issue but not yet realised.
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Answer / md. ashraful habib
when Cheque issue
I will through a Payment Voucher
Party A/c Dr.
to Bank A/c
(Being the amount paid by Cheque)
Cheque issue but not yet Realised
We Will preparing Bank Reconciliation Statement
| Is This Answer Correct ? | 45 Yes | 7 No |
Mr Singh Saab Cheques issue means issuing of cheque to
others towards due settlement or for advance. At the time
of issue we will debit the party account and credit
banker.The realisation will be known to you only with the
bank pass bok or statement. Try to understand or learn the
practice of accounts.
| Is This Answer Correct ? | 23 Yes | 14 No |
Answer / daljeet singh
AS PER ACCOUNTING STANDARDS JOURNAL ENTRIES SHOULD BE :
When cheque issued:
Party A/c Dr.
To Cheque issued but not realised A/c
When cheque Realised in Bank:
Cheque issued but not realised A/c Dr.
To Bank A/c.
| Is This Answer Correct ? | 13 Yes | 6 No |
Answer / abdur rashid shanto
When cheque issued
Party A/C----Dr
PDC A/C-------Cr
When cheque realised
PDC A/C-----Dr
Bank A/C--------Cr
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / sajeermoidu
when chq issued
pdc issued a/c dr(under current liability)
to bank
when chq realised
party a/c dr
to pdc issueda/c
| Is This Answer Correct ? | 28 Yes | 25 No |
Answer / sarvesh
when security cheque issued:Dr.
party a/c
and Cr. Security a/c
, if cheque discounted then Dr. Security a/c and credit bank a/c, if cheque returned then take reverse entry by Dr. security a/c & credit Party A/c.
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / rekha
Here journal entry we cont put, because in issuing a cheque
we are debiting the party a/c so it wont come in journal
entry, we in put in payment entry later will see that in
the bank reconcialization statement.
| Is This Answer Correct ? | 8 Yes | 13 No |
Answer / suryakant lokhande
1.When Cheque issued then entry is:
By Party A/C Dr
To Bank A/C Cr
(Being Cheque Paid)
2.At the time of Reco Entry is:
By Bank A/C Dr
To Party Cr
(Being Cheque not yet realised)
| Is This Answer Correct ? | 8 Yes | 16 No |
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